Lucknow: The Empowered Committee, constituted under the chairmanship of the Chief Secretary of the Uttar Pradesh government, has approved key recommendations made during its meeting held on February 11, 2025, under the provisions of the Uttar Pradesh Industrial Investment and Employment Promotion Policy – 2017.
The policy, notified via government order dated July 13, 2017, aims to ensure rapid and balanced economic development in the state and position Uttar Pradesh as a globally competitive investment destination. As per Clause 5 of the policy, eligible industrial units are entitled to various exemptions, subsidies, and financial incentives.
To facilitate effective implementation, the government issued the operational guidelines on October 25, 2017, designating the Uttar Pradesh State Industrial Development Authority (PICUP) as the nodal agency. Rule 5.2 of the guidelines specifies the procedure for processing applications from industrial undertakings falling under the “mega category”.
In the Empowered Committee meeting on February 11, the following investment proposals were reviewed and recommended for approval:
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M/s SLMG Beverages Pvt. Ltd., Barabanki (Purvanchal region)
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M/s Silverton Pulp and Papers Pvt. Ltd., Muzaffarnagar (Paschimanchal region)
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M/s ACC Ltd., Amethi (Purvanchal region)
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M/s Wonder Cement Ltd., Aligarh (Paschimanchal region)
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M/s Moon Beverages Ltd., Hapur (Paschimanchal region)
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M/s ACC Ltd., Sonbhadra (Purvanchal region)
These projects are expected to boost industrial development and generate significant employment opportunities across both eastern and western regions of the state.
The approvals mark another milestone in the state government’s efforts to foster a business-friendly environment and drive inclusive economic growth across Uttar Pradesh.
The Uttar Pradesh Cabinet has approved the recommendations made during the Empowered Committee meeting held under the chairmanship of the Chief Secretary on February 11, 2025, regarding disbursement of financial incentives to five industrial units and cancellation of the Letter of Comfort (LOC) previously issued to one unit.
As per the decision:
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M/s SLMG Beverages Pvt. Ltd., Barabanki – Approval has been granted for the disbursement of the first installment of admissible financial incentives amounting to ₹38,73,01,888.
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M/s Silverton Pulp and Papers Pvt. Ltd., Muzaffarnagar – Approval has been granted for the disbursement of the first installment of admissible financial incentives amounting to ₹1,88,99,905.
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M/s ACC Ltd., Amethi – Approval has been granted for the disbursement of the first installment of admissible financial incentives amounting to ₹17,28,07,828.
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M/s Wonder Cement Ltd., Aligarh – Approval has been granted for the disbursement of the first installment of admissible financial incentives amounting to ₹38,32,30,659.
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M/s Moon Beverages Ltd., Hapur – Approval has been granted for the disbursement of the first installment of admissible financial incentives amounting to ₹8,68,31,672.
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M/s ACC Ltd., Sonbhadra – It has been recommended that the Letter of Comfort (LOC) previously issued be cancelled.
These decisions have been taken under the Uttar Pradesh Industrial Investment and Employment Promotion Policy – 2017 to support eligible mega-category industrial units with financial assistance and to ensure streamlined governance in industrial promotion.
The Cabinet’s approval reflects the government’s commitment to boosting industrial investment and employment generation across the state.
